Aflac Reports Lower 3Q Revenue
October 24 2019 - 5:03PM
Dow Jones News
By Micah Maidenberg
Aflac Inc. (AFL) reported lower revenues and earnings, on a GAAP
basis, for the third quarter.
The insurer reported earnings of $777 million, or $1.04 a share,
for the period, down from $845 million, or $1.09 a share, the year
earlier.
Aflac recorded losses related to certain derivatives and foreign
currency activities, as well a loss related to sales and
redemptions, weighing on results.
Excluding currency fluctuations and after other adjustments,
Aflac reported a quarterly profit of $1.14 a share, seven cents
more than what analyst polled by FactSet predicted.
Revenues at the Columbus, Ga.-based company slipped about 1% to
$5.54 billion. That sum was in line with the consensus
estimate.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 24, 2019 16:48 ET (20:48 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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